Compensation definition

Compensation means all base straight time gross earnings and commissions, exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.

Compensation means any form of remuneration paid to an employee for personal services.

Compensation means (i) the total compensation paid in cash to a Participant by a Participating Company, including salaries, wages, bonuses, incentive compensation, commissions, overtime pay and shift premiums, plus (ii) any pre-tax contributions made by the Participant under section 401(k) or 125 of the Code. “Compensation” shall exclude all non-cash items, moving or relocation allowances, cost-of-living equalization payments, car allowances, tuition reimbursements, imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or benefits received under employee benefit plans, income attributable to the exercise of stock options, and similar items. The Committee shall determine whether a particular item is included in Compensation.

Examples of Compensation in a sentence

• The Bank will reimburse the Executive for all reasonable travel, entertainment and other expenses incurred by the Executive in performing the Executive’s obligations under this Agreement, including, without limitation, fees for memberships in organizations that the Executive and the Board of Directors or the Compensation Committee mutually agree are necessary and appropriate in connection with the performance of the Executive’s duties under this Agreement.

• You will not receive additional compensation (other than the Independent Director’s Fee) for your services on the Audit Committee, Compensation Committee and Nominations Committee.

• During the term of this Agreement, the Board of Directors (or the Compensation Committee of the Board of Directors (the “Compensation Committee”)) may increase, but not decrease, the Executive’s Base Salary.

• You shall be required to attend all meetings of the Audit Committee, Compensation Committee and Nominations Committee either in-person or by telephone, Zoom or another online meeting platform.

• It is recorded that as at the Effective Date, no KPI and LTI Policy has been implemented and the adoption of a KPI and LTI Policy and the timing thereof is entirely at the discretion of the Compensation Committee.

More Definitions of Compensation

Compensation means a payment by way of damages or a payment under a scheme of insurance or compensation provided for by law, or any other payment that in the opinion of the fund is a payment in the nature of compensation or damages.

Compensation means wages, salaries, commissions and any other form of remuneration paid to employees for personal services.

Compensation means any payments made to, or on behalf of, an employee or offered to an applicant as remuneration for employment, including but not limited to salary, wages, overtime pay, shift differentials, bonuses, commissions, vacation and holiday pay, allowances, insurance and other benefits, stock options and awards, profit sharing, and retirement.

Compensation means an issuance of securities in exchange for services provided or to be provided and includes an issuance of securities for the purpose of providing an incentive;

Compensation means:

Compensation means the amounts received by the Participant from the Employer during a Plan Year.

Compensation means any money or economic benefit conferred on or received by any person in return for services rendered or to be rendered by the person or another.